Define e-commerce Distinguish between e-commerce and e-business
|NU Year||Set: 1.(a) Marks: 2+5=7 Year: 2013|
Definition of e-commerce
e-commerce is an abbreviation used for electronic commerce. It is the process through which the buying, selling, dealing, ordering and paying for the goods and services are done over the internet is known as e-commerce. In this type of online commercial transaction, the seller can communicate with the buyer without having a face to face interaction.
The points presented below are substantial so far as the difference between e-commerce and e-business is concerned:
- Buying and Selling of goods and services through the internet is known as e-commerce. Unlike e-business, which is an electronic presence of a business, by which all the business activities are conducted through the internet.
- e-commerce is a major component of e-business.
- e-commerce includes transactions which are related to money, but e-business includes monetary as well as allied activities.
- e-commerce has an extroverted approach that covers customers, suppliers, distributors, etc. On the other hand, e-business has an ambivert approach that covers internal as well as external processes.
- e-commerce requires a website that can represent the business. Conversely, e-business requires a website, Customer Relationship Management and Enterprise Resource Planning for running the business over the internet.
- e-commerce uses the internet to connect with the rest of the world. In contrast to e-business, the internet, intranet, and extranet are used for connecting with the parties.